- Additional Authors
- Description
- 37 p.; 21 x 29.7cm.
- Summary
- China is well-placed to avoid the so-called "middle-income trap" and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to sustain vigorous growth and improve the well-being of most citizens, renewed reform momentum is required in a number of areas. The following ones are discussed in this paper: financial sector liberalisation; strengthening competition in markets for goods and services; education, research and innovation. Progress is also needed in other areas, notably in fostering more socially-inclusive forms of urbanisation and more environmentally-friendly growth.
- Series Statement
- OECD Economics Department Working Papers, 1815-1973 ; no.1093
- Uniform Title
- OECD Economics Department Working Papers, no.1093.
- Subject
- LCCN
- 10.1787/5k3wd3c4219w-en
- OCLC
- oecd-lib-004587
- Author
Koen, Vincent.
- Title
China's March to Prosperity [electronic resource]: Reforms to Avoid the Middle-income Trap / Vincent Koen, Richard Herd and Sam Hill
- Imprint
Paris : OECD Publishing, 2013.
- Series
OECD Economics Department Working Papers, 1815-1973 ; no.1093
OECD Economics Department Working Papers, 1815-1973 ; no.1093.
- Connect to:
- Indexed Term
Economics
China, People's Republic
- Added Author
Herd, Richard.
Hill, Sam.
- Other Standard Identifier
10.1787/5k3wd3c4219w-en doi